These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy.

The Times

LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as well as eight other upmarket outlets shopping centres in Europe for 1.5 billion pounds.

The UK education secretary warned that private schools could be hit with VAT as early as January. He also said the government was considering scrapping the cap on the number of children eligible for child benefit as part of an overall review of poverty among children.

The Guardian

Carpetright will lose more than 1,500 positions as a result of a deal struck by Tapi Carpets & Floors to save the retailer. The rival company saved only a quarter of its stores, and 300 jobs.

Jonathan Reynolds, UK’s Business Secretary, said he was confident the Harland & Wolff Shipyard in Belfast would continue to build ships, despite ruling government support out for the struggling firm.

The Telegraph

Microsoft blamed EU regulations for allowing a faulty update to lead to a major IT failure that affected hospitals, airlines and other sectors.

Abu Dhabi’s sovereign fund Mubadala Capital bought a stake and took control of designer pushchair company Bugaboo from its private equity owner.

Sky News

Nadhim Zhawi is assembling a bid of 600 million pounds for The Daily Telegraph, which could upset the auction of Britain’s influential media assets.

Richard Harrington will be the new chairman of mixed-use developer Regal. Harrington served in the previous UK government as both the business minister and the minister for refugees. (Compiled by Bengaluru Newsroom)